Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 21,080 shares, a drop of 41.8% from the July 15th total of 36,227 shares. Based on an average daily trading volume, of 11,053 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.7% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in RFLR. Sound Income Strategies LLC acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 1st quarter worth approximately $47,000. Triumph Capital Management acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the third quarter worth $72,000. Brookstone Capital Management purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the first quarter valued at $220,000. Beacon Financial Strategies CORP purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the second quarter valued at $233,000. Finally, COFG Advisors LLC acquired a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the 4th quarter valued at $328,000.
Innovator U.S. Small Cap Managed Floor ETF Price Performance
Shares of NYSEARCA RFLR opened at $33.46 on Monday. Innovator U.S. Small Cap Managed Floor ETF has a fifty-two week low of $26.25 and a fifty-two week high of $34.17. The firm has a market cap of $95.36 million, a PE ratio of 15.96 and a beta of 0.60. The business has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $30.67.
Innovator U.S. Small Cap Managed Floor ETF Company Profile
The Innovator U.S. Small Cap Managed Floor ETF (RFLR) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims to participate in 70% of upside appreciation of US small-cap stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered three-month expiration dates to target a maximum loss of approximately 8-12% on a rolling 12-month basis. RFLR was launched on Sep 17, 2024 and is issued by Innovator.
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